Lawsuit Asks Fed for Gold Info

jeff of pa

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On Dec. 30, the Gold Anti-Trust Action Committee, Inc. (GATA) filed suit against the Federal Reserve in the U.S. District Court for the District of Columbia. The suit seeks a court order for the Federal Reserve to more fully respond to GATA’s Freedom of Information Act requests (which date back to December 2007) to learn information about the Federal Reserve’s involvement with gold swaps from 1990 to date. The text of the suit can be viewed at http://www.gata.org/files/GATALawsuitVs.Fed-12-30-2009.pdf.

The Fed’s responses have disclosed some information, but also indicated that a significant amount of information was not released, using various claims of exemptions from disclosure.

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=9163
 

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